Studio Residential Income
For Sale
$97,000
1900 LYTTONSVILLE ROAD Unit 1003, Silver Spring, MD 20910
This compact studio pairs refreshed kitchen and bathroom finishes with building amenities that include concierge service and an outdoor pool.
Property Size540 SF
Price / SF$179.63
Days on Market246
Property Features for 1900 LYTTONSVILLE ROAD Unit 1003
General Information
Standard status
Active
Size
540 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x studio
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,609
Amenities
outdoor swimming pool
roof deck
concierge
Building Details
Building Size
540 SF
Year Built
1964
Listing Agency:
Cranford & Associates
Listed By:
Judy G Cranford · License #MD4884
(202) 256-6694
Source:
Jackrealtygroup
Added: Feb 27
Changed: Oct 26
Last Checked: Oct 30 at 1:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cranford & Associates
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Investment Insights
Based on property information with market context.
The studio residence at 1900 Lyttonsville Road in Silver Spring offers 540 square feet of living space. Built in 1964, it features a kitchen with a white quartz counter and subway tile, a white-finished bathroom, and a broad window wall with panoramic views.
Residents have access to a staffed concierge desk, an outdoor swimming pool with lifeguard service, and a rooftop deck. The condo fee covers utilities, parking, security, and use of the pool. Silver Spring Metro is described as walkable, and the building is one block from the planned Purple Line. Access to the Capital Crescent Bike Path is planned at the rear parking area.
Residents have access to a staffed concierge desk, an outdoor swimming pool with lifeguard service, and a rooftop deck. The condo fee covers utilities, parking, security, and use of the pool. Silver Spring Metro is described as walkable, and the building is one block from the planned Purple Line. Access to the Capital Crescent Bike Path is planned at the rear parking area.
Key Highlights
- 540‑square‑foot studio residence
- Built in 1964
- Kitchen features a white quartz counter and subway tile
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,916
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,320
$178.3K
Cap Rate 7%
$127,371
$127.4K
Cap Rate 9%
$99,067
$99.1K
Market Conditions
NOI Build-Up for 540 SF
Gross rent
$17.4K $32.28/SF
− Vacancy
−$1.2K −$2.26/SF
EGI
$16.2K $30.02/SF
− OpEx
−$7.3K −$13.51/SF
NOI
$8.9K $16.51/SF
Area
Montgomery County, MD
Vacancy
7.00%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,320
Cap Rate 7%
$127,371
Cap Rate 9%
$99,067
Alternative Uses
Best Use
Apartment 5plus
$127.4K
$111.5K – $148.6K
NOI $8,916 @ 7.0% cap · market cap 9.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$190.0K
$166.2K – $221.6K
NOI $13,297 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,083
Businesses Nearby
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Business Placement
Demographics for 20910, MD
45,610
Population
23,209
Households
2
Avg Household Size
36
Median Age
74%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
9,915
Density / Sq Mi
$107,994
Median Household Income
$70,022
Median Earnings
$1,992
Median Rent
$690,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - This compact studio pairs refreshed kitchen and bathroom finishes with building amenities that include concierge service and an outdoor pool.
Where is this residential income property located?
The property is located at 1900 LYTTONSVILLE ROAD Unit 1003 Silver Spring, MD.
What is the asking price?
The asking price for this property is $97,000.
What are key features of this property?
This property features: 540‑square‑foot studio residence; Built in 1964; Kitchen features a white quartz counter and subway tile
